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9. [0/1 Points] DETAILS PREVIOUS ANSWERS TANAPMATH7 4.3.002. MY NOTES ASK YOUR TEACHER PRACTICE AN Find the periodic payment R required to amortize a loan

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9. [0/1 Points] DETAILS PREVIOUS ANSWERS TANAPMATH7 4.3.002. MY NOTES ASK YOUR TEACHER PRACTICE AN Find the periodic payment R required to amortize a loan of P dollars over t years with interest charged at the rate of r%/year compounded m times a year. (Round your answer to the nearest cent.) P = 40,000, r = 2, t = 16, m = 4

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